Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

John Bercow Excerpts
Tuesday 26th June 2012

(12 years, 5 months ago)

Commons Chamber
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Chris Williamson Portrait Chris Williamson (Derby North) (Lab)
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Britain is the only G20 country in a double-dip recession, youth unemployment is at record levels, poverty is on the increase, public services are in meltdown, and the Government are borrowing around £4 billion more this year than they did last year. The lessons of the 1930s demonstrate that the austerity programme that the Chancellor is pursuing will not work. Will he learn the lessons of history—

John Bercow Portrait Mr Speaker
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Order. We are extremely grateful, but I am afraid that we do not have time to go back to the 1930s now. We have the gravamen of the hon. Gentleman’s question.

George Osborne Portrait Mr Osborne
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I suggest that tonight and tomorrow the hon. Gentleman turns on the television and watches the evening news, because he will see that there are problems facing many economies around the world. The Labour idea that somehow Britain alone faces these challenges because the Government are trying to deal with the debt is absolutely ridiculous. There are all these European economies in recession, the US economy had disappointing jobs data, and the Chinese economy is slowing. These are difficult times, but we are doing everything we can to help the British economy deal with the problems we inherited.

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Chloe Smith Portrait Miss Chloe Smith
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In correspondence with the Chairman of the relevant Select Committee, I have articulated that there is no precedent in the records that we can find for a Minister from one Department to assist in the scrutiny of another Department’s legislation.

John Bercow Portrait Mr Speaker
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Last but not least, the House—and the nation—can hear from Mr Simon Hughes.

Simon Hughes Portrait Simon Hughes (Bermondsey and Old Southwark) (LD)
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Following the exchanges about tax avoidance and the Government’s very robust position, can one of the Treasury team tell us how soon we will have in place a system that targets not just celebrity individuals but all high-worth individuals, so that they all pay a decent share of tax to the nation?